Frontier Developments (LON:FDEV) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Frontier Developments plc (LON:FDEV) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 440.26 and traded as low as GBX 302.36. Frontier Developments shares last traded at GBX 314.37, with a volume of 175,977 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Frontier Developments to a “buy” rating and upped their price objective for the stock from GBX 580 to GBX 605 in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 608.33.

Frontier Developments Trading Down 1.9%

The stock has a fifty day simple moving average of GBX 360.58 and a 200 day simple moving average of GBX 440.26. The company has a debt-to-equity ratio of 19.71, a quick ratio of 2.61 and a current ratio of 2.83. The firm has a market cap of £109.19 million, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Insider Activity at Frontier Developments

In other news, insider David John Braben sold 93,070 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of GBX 378, for a total transaction of £351,804.60. Insiders have sold 369,070 shares of company stock valued at $735,396,960 in the last three months. Insiders own 37.78% of the company’s stock.

Frontier Developments Company Profile

Frontier is a leading independent developer and publisher of video games for PC and console, creating immersive and fun gameplay, with unparalleled artistic quality.

At Frontier, we specialise in creating endless possibilities in playful, fun and creative worlds. From some of the world’s biggest licensed entertainment and sporting franchises, to intricately crafted worlds where players can explore and make their mark, our games are all underpinned by our unwavering passion for creating compelling and innovative experiences that continue to inspire and delight our players.

We have created games that have defined genres, been critically acclaimed, and reached many millions of players.